KPMG to investigate fraud at Peter Walker

KPMG to investigate fraud at Peter Walker

Receivers to investigate creditors’ allegations

Blair Nimmo, head of corporate recovery at KPMG in Scotland said the firm
would investigate allegations of fraud at collapsed construction company, Peter
Walker.

Almost 350 jobs were lost when the company went bust.

Nimmo, said some creditors had made allegations against the company’s
activities, which he said were being looked into.

‘We have had people suggest matters, and in the normal course of that we will
investigate any matters that come to light,’ he said.

However he said it was ‘certainly not unusual’ for unfounded allegations to
surface in large insolvency cases.

Peter Walker ceased to trade in April when directors asked the Bank of
Scotland to call in receivers.

Nimmo said it was too early to estimate the extent of the group’s debt, or
how much KPMG expects it would recover from the company.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

5m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

5m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

6m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

6m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

6m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

6m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

7m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

7m Emma Smith, Managing Editor